{"data":{"id":"us-tx/tex.-insurance-code-1115.001","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 1115.001","heading":"PURPOSE.","body":"The purpose of this chapter is to require an agent to act in the best interest of the consumer when making a recommendation of an annuity and to require insurers to establish and maintain a system to supervise those recommendations so that the insurance needs and financial objectives of the consumer as of the time of the transaction are effectively addressed.\nAdded by Acts 2007, 80th Leg., R.S., Ch. 736 (H.B. 2761), Sec. 1, eff. September 1, 2007.\nAmended by:\nActs 2011, 82nd Leg., R.S., Ch. 1156 (H.B. 2277), Sec. 6, eff. September 1, 2011.\nActs 2021, 87th Leg., R.S., Ch. 262 (H.B. 1777), Sec. 2, eff. September 1, 2021.","path":["INSURANCE CODE","TITLE 7. LIFE INSURANCE AND ANNUITIES","SUBTITLE A. LIFE INSURANCE IN GENERAL","CHAPTER 1115. SUITABILITY OF CERTAIN ANNUITY TRANSACTIONS","SUBCHAPTER A. GENERAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1115.htm#1115.001","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"c6ebccd69bd75871b3141394b5c323269229707f4e89b8612a99cba1af7c064a","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-1114.102","next":"us-tx/tex.-insurance-code-1115.002"},"notice":"GroundRules: Original legal text. Not legal advice."}